Lake City Homes under $350,000

Lake City Homes under $350,000

Welcome to Lake City, Minnesota – a hidden gem nestled along the banks of the majestic Lake Pepin. Known for its stunning natural beauty, Lake City offers a delightful blend of small-town charm and vibrant community spirit. With a rich history, this picturesque city is not only a haven for outdoor enthusiasts but also a perfect place to call home. From boating and fishing in the summer to snowmobiling and ice fishing in the winter, there’s no shortage of recreational activities to enjoy throughout the year.

For those seeking an affordable place to live, Lake City offers a variety of homes under $350,000. Whether you're a first-time homebuyer, looking to downsize, or seeking a cozy retreat, you’ll find an array of options to suit your needs. Charming bungalows, spacious family homes, and modern townhouses can all be found within this price range, providing you with the opportunity to settle into a welcoming neighborhood without breaking the bank.

Lake City's strong sense of community is evident in its local events, farmers' markets, and vibrant arts scene. Residents enjoy a laid-back lifestyle with easy access to essential amenities, including shops, restaurants, and schools. Plus, with its proximity to larger cities like Rochester, you can enjoy the tranquility of small-town living while still having the conveniences of urban life just a short drive away.

Discover the warmth and beauty of Lake City, MN, and explore the affordable housing options that await you in this charming lakeside community. Your dream home is just a visit away!

Newest Lake City Homes under $350,000

1158 Valley View Road, Lake City
$339,900
4 Beds ⋅ 3 Baths ⋅ 7157541 MLS
Beautifully Maintained 4-Bedroom, 3-Bath Home with Numerous Updates! Move right in and enjoy this well-cared-for home where so many of the major improvements have already been completed! Offering comfortable living spaces, a convenient main-floor laundry room, and a spacious 600-square-foot attached 2-car garage, this home is ready for its next owner. Recent improvements include updated kitchen and lower-level flooring, new roof, furnace, central air conditioning, electric stove, microwave, main-floor windows, sliding patio door, and garage door. The exterior has recently been power washed, porches freshly painted, and the lower-level family room refreshed with new paint. Enjoy the peace of mind that comes with these extensive updates and the convenience of a home that's ready to move into and enjoy. Be sure to review the attached Home Improvement List for additional details on the many improvements made to this property.

1158 Valley View Road, Lake City

Listing courtesy of Featherstone Real Estate, LLC.

808 N Garden Street, Lake City
$253,000
3 Beds ⋅ 3 Baths ⋅ 7155890 MLS
Five blocks from Lake Pepin in Lake City, MN. This 3 bedroom, 2 bath home has an extra-large living room, a formal dining room, and a spacious eat-in kitchen with plenty of room to gather. Upstairs are all three bedrooms, a landing with space for a home office, and a full bath with a deep, oversized tub. Front and back porches are great for enjoying the outdoors, and the large, partially fenced yard has perennial gardens and room to spread out. The detached garage is accessed from the alley. Recent improvements include new water and sewer lines, a new road and sidewalk in front of the property, and a roof that is only five years old. Features: 3 bedrooms, 2 baths, eat-in kitchen, formal dining room, home office space, front and back porches, partially fenced yard, perennial gardens, detached garage with alley access, new water and sewer lines, new roof, Lake City, Minnesota, near Lake Pepin.

808 N Garden Street, Lake City

Listing courtesy of eXp Realty.

702 S 6th Street, Lake City
$279,900
3 Beds ⋅ 2 Baths ⋅ 7146374 MLS
Charming 3 bedroom, 2 bath home on a corner lot in Lake City with plenty of character, functional living space, and excellent storage. The main level features a spacious living room, dining area, updated kitchen, main-floor laundry, and a convenient half bath. Upstairs you’ll find all 3 bedrooms and a full bath, including a generous primary bedroom. Enjoy the added bonus of a screened porch, patio area, and well-kept yard with mature landscaping. The detached 2-car garage offers much more than parking, with an attached heated workshop and additional storage area, making it ideal for hobbies, projects, tools, or extra seasonal storage. A great combination of classic charm, practical updates, and flexible space in a convenient Lake City location.

702 S 6th Street, Lake City

Listing courtesy of MN WI Real Estate Hub.

741 S 10th Street, Lake City
$249,500
3 Beds ⋅ 2 Baths ⋅ 7139918 MLS
Priced to Sell at $249,500! Enjoy convenient main-floor living in this 3-bedroom, 1-bath home, with laundry all on the main level. The home offers a great opportunity to update and make it your own. Recent improvements include a newer roof, furnace, and water softener. Outside, you’ll find a nice-sized detached garage with a large concrete driveway, providing plenty of parking and possible RV storage. The unfinished full basement with a 3/4 Bathroom, offers abundant storage space or the opportunity to create additional finished living space to suit your needs. Relax and enjoy the four-season porch overlooking the backyard, which is partially fenced and offers a nice outdoor space to enjoy. There's even room for a garden. Great potential, convenient layout, and an attractive price—come see what this home has to offer!

741 S 10th Street, Lake City

Listing courtesy of Lakeshore Real Estate Krage &.

208 N High Street, Lake City
$265,000
3 Beds ⋅ 2 Baths ⋅ 7140938 MLS
Welcome to this spacious and whimsical Lake City cottage, brimming with character, charm, and exceptional curb appeal. Beautiful perennial gardens and thoughtfully planted landscaping welcome you to a home that truly feels special. The main level offers an inviting blend of living and entertaining spaces, including a large family room, living room, and formal dining room. The updated eat-in kitchen features granite countertops and newer-style cabinetry, with a convenient deck just off the kitchen. Two charming porches provide additional spaces to relax, entertain, and enjoy the neighborhood—plus, they offer a front-row view of the Water Ski Days Parade! The updated main-floor bathroom adds modern convenience, while the upper-level features three generously sized bedrooms, a bathroom with a classic clawfoot tub, and a spacious storage room that could easily be transformed into a home office, studio, or bonus room. Beautiful original woodwork and hardwood floors add warmth and timeless character throughout the home. Front and back stairways provide added convenience and flexibility. The large basement features tall ceilings and excellent storage potential. Recent improvements include a complete reroof in 2023, replacement of the AC in 2024, new basement glass block windows in 2023, a new water heater in 2026, and replacement of the north-side retaining wall in 2025. The previous owner also completed numerous thoughtful updates, detailed in the prior seller's disclosure included in the supplements. Ideally located near Lake City's shops and retail, as well as the parks and recreational opportunities along Lake Pepin, this home puts you close to all that makes the community so special. Walk to the farmers market, enjoy the nearby parks, or relax on your porch and take in the festivities. With its distinctive architecture, beautiful gardens, original details, and wonderful location, this is more than a house—it’s a unique and character-filled home in the charming town of Lake City.

208 N High Street, Lake City

Listing courtesy of Fuze Real Estate.

576 Cedar Drive, Lake City
$350,000
3 Beds ⋅ 2 Baths ⋅ 7135291 MLS
Experience modern design, quality craftsmanship, and everyday comfort in this thoughtfully designed new home, currently under construction with estimated completion in early to mid-December. The bright, open-concept main living area features vaulted ceilings, a cozy fireplace, and oversized windows that fill the space with natural light. The kitchen offers granite countertops, stainless steel appliances, soft-close cabinetry, and plenty of workspace for cooking and entertaining. Additional highlights include 9-foot ceilings, luxury vinyl plank flooring, a dedicated laundry room, and a spacious owner’s suite with walk-in closet and private en-suite bath. Outside, a large patio provides the perfect space for entertaining or relaxing. Enjoy the Lake City lifestyle with Lake Pepin and the Mississippi River just minutes away, offering boating, fishing, beaches, trails, and incredible bluff-country scenery. Conveniently located near The Jewel Golf Club, Frontenac State Park, Hok-Si-La Park, Ohuta Beach, Lake City Marina, downtown restaurants, shops, and everyday amenities. A great opportunity to enjoy new construction in one of southeastern Minnesota’s most unique recreational communities.

576 Cedar Drive, Lake City

Listing courtesy of eXp Realty.

1028 W Elm Street, Lake City
$350,000
4 Beds ⋅ 2 Baths ⋅ 7129976 MLS
Move-in ready and meticulously maintained, this 4 bedroom, 2 bath home has been thoughtfully updated inside and out. The main level offers three bedrooms, a full bath, laundry, and a beautiful kitchen refreshed with new countertops, backsplash, and updated flooring that ties it all together. You will appreciate the custom closet inserts to help keep your belongings organized. The lower level, finished in 2023, adds a spacious family room, 4th bedroom, full bath, bonus room, and a large storage area complete with a utility sink -- giving this home flexible space for guests, work, and play. Recent updates give buyers peace of mind for years to come, including all new windows (with transferable warranty), AC unit, washer & dryer, and lighting, just to name a few. Outside, the Trex deck offers a clean and inviting space to spend your days relaxing, and the backyard leaves plenty of room to garden and entertain. A 12x16 storage shed and newly landscaped perennial beds round out the exterior. This home is ready for you to move in and enjoy!

1028 W Elm Street, Lake City

Listing courtesy of Lakeshore Real Estate Krage &.

1401 N Lakeshore Drive Unit 206, Lake City
$275,000
1 Beds ⋅ 1 Baths ⋅ 7128140 MLS
Enjoy stunning views of Lake Pepin from this former model, 1-bedroom, 1-bathroom condo. Designed for modern comfort with an open-concept layout and warm hardwood finishes, the unit features a flexible den with a built-in murphy bed—perfect for a home office & guest accommodations. A private balcony offers a relaxing spot to take in the lake scenery and entertain guests. Building amenities include a fitness room, sauna, rooftop deck, and a common room for gatherings. Don’t miss this opportunity to own this lakeside retreat!

1401 N Lakeshore Drive Unit 206, Lake City

Listing courtesy of Lakeshore Real Estate Krage &.

24 Bluffview Court, Lake City
$289,500
2 Beds ⋅ 2 Baths ⋅ 7118190 MLS
Step inside to discover a bright, versatile home designed for comfortable living and easy entertaining, perfectly located in a quiet cul-de-sac just moments from Bluff View Elementary and the community pool. The dramatic entryway welcomes you into the main level, where the open living room flows effortlessly into the dining area and spacious kitchen, creating a warm, connected layout for everyday life and social gatherings. A standout feature is the stunning four-season room, complete with vaulted ceilings and rich wood details that make it an ideal retreat to relax year-round. Beyond the shared spaces, the home offers two exceptionally large bedrooms—one located on each level—providing maximum privacy and flexibility. Downstairs, the expansive lower level continues to impress with incredible untapped potential, offering the footprint needed to easily add additional bedrooms, a recreation room, or a tailored workspace. You'll love the convenience of the attached, heated two-car garage, which features a direct private entry leading right into the basement for ultimate function and winter ease.

24 Bluffview Court, Lake City

Listing courtesy of Trust Realty.

303 N Lakeshore Drive, Lake City
$265,900
3 Beds ⋅ 2 Baths ⋅ 7116058 MLS
Welcome home to this beautifully updated 3-bedroom, 2 full-bath home situated on a desirable corner lot near downtown. Experience the ideal combination of comfort and convenience in this renovated home. Inside, you will find an updated kitchen featuring modern finishes, along with renovated bathrooms and stylish flooring throughout. The functional layout offers comfortable living spaces, while the corner lot provides added privacy, extra yard space, and great curb appeal. The furnace and water heater have been updated also! 3 bedrooms with partial lake views are located together on the upper floor with a spacious bathroom. Embrace the closeness to downtown, the marina, numerous parks, restaurants, and breathtaking Lake Pepin. This is your perfect move in ready home in an unbeatable location! This home would make a great VRBO!

303 N Lakeshore Drive, Lake City

Listing courtesy of Lakeshore Real Estate Krage &.

321 W Michigan Street W, Lake City
$274,900
3 Beds ⋅ 2 Baths ⋅ 7108100 MLS
PRICE REDUCED - TWO BLOCKS FROM LAKE PEPIN, IMMEDIATE POSSESSION! This is a wonderful ranch home featuring a hard surfaced countertop, nice floors, and much more PLUS a very large garage with ample room for benches, and storage. The double lot provides for ample free space for many outdoor activities. Inside space, plus outside space, plus close to Lake Pepin.GO

321 W Michigan Street W, Lake City

Listing courtesy of Plaza Realty of Rochester,Inc..

201 S Franklin Street Unit #66, Lake City
$90,000
2 Beds ⋅ 1 Baths ⋅ 7099963 MLS
Enjoy the best of lake living at Marina Point on beautiful Lake Pepin! This well-maintained 60’ x 14’ seasonal mobile home offers 2 bedrooms, 1 bathroom, and everything you need to start enjoying summer the day you close. Stay comfortable with central air and enjoy the convenience of this fully furnished retreat, complete with a 60” flat-screen TV, and patio furniture. Walk the area, soak in the breathtaking bluff and lake views, or head out to enjoy all that Lake City has to offer. From unique shops and great restaurants to beautiful parks and endless opportunities for boating, fishing, and outdoor fun, you’ll experience the perfect blend of relaxation and adventure. This turnkey retreat is your chance to own a slice of Lake Pepin bliss—just arrive, unwind, and start making unforgettable memories!

201 S Franklin Street Unit #66, Lake City

Listing courtesy of Lakeshore Real Estate Krage &.

Start Your Search

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.

How much is your home worth?

Get instant property value now!